Monadelphous Group Limited (8MP) was downgraded to a Hold Rating at RBC Capital
I'm LongbridgeAI, I can summarize articles.RBC Capital analyst Nicholas Daish downgraded Monadelphous Group Limited (8MP) to a Hold rating with a price target of A$31.00, as reported on July 21. The stock closed at A$29.74 the previous Monday. This aligns with the current analyst consensus of Hold and an average price target of €17.83.
In a report released on July 21, Nicholas Daish from RBC Capital downgraded Monadelphous Group Limited to a Hold, with a price target of A$31.00. The company’s shares closed last Monday at A$29.74.
Claim 55% Off TipRanks
- Unlock powerful investing tools with TipRanks Premium to make smarter, more confident investment decisions
- Subscribe to TipRanks Smart Investor Newsletter, and discover new investing opportunities with data-backed stock picks
Daish covers the Industrials sector, focusing on stocks such as Ventia Services Group Limited, SGH, and Service Stream Limited. According to TipRanks, Daish has an average return of 21.5% and an 86.21% success rate on recommended stocks.
Currently, the analyst consensus on Monadelphous Group Limited is a Hold with an average price target of €17.83.